exchange

Founder of failed crypto exchange FTX apologizes to former employees

The founder of failing crypto exchange FTX has written to his former employees to apologize for his role in its collapse and continues to insist that his downfall can only be explained by misplacing $8 billion (£6.7 billion). In the letter, first published by industry news site CoinDesk, Sam Bankman-Fried wrote: “I deeply regret my …

Founder of failed crypto exchange FTX apologizes to former employees Read More »

Hackers begin laundering part of $477 million stolen from crypto exchange FTX

Hackers begin laundering part of $477 million stolen from crypto exchange FTX

Hackers who stole an estimated $477 million worth of cryptocurrency from collapsed FTX exchange began laundering the funds in bitcoins. This month, after FTX filed for bankruptcy, new CEO John Ray III said that “unauthorized access to certain assets has occurred.” Blockchain analytics firm Elliptic estimates that around $477 million worth of cryptocurrency was stolen …

Hackers begin laundering part of $477 million stolen from crypto exchange FTX Read More »